The European Commission has presented a report to the European Parliament and the Council on the application of the Regulation on the Statute for European company (SE) as part of its review of the SE Regulation. In theory, the statute gives companies operating in more than one Member State the opportunity of establishing themselves as a single company under EU law. This would make them able to operate throughout the EU with one set of rules, including a unified management and reporting system. The Report includes a description of the positive and negative factors which influence setting up an SE and highlights trends on the distribution of SE's throughout the EU. It also looks at the problems encountered when setting up and running an SE.